View Original Article

TECHCRUNCH

Yosi Samra Women's Samantha 2.0 Ballet Flat - Choose SZ/Color , Dansko 9403021400 Womens Maureen Mary Jane Flat /-- Choose SZ/Color.NAOT Women's Kedma Oxford,Gray Shimmer Leather,37 EU/6.5-7 M USJ Slides JSlides Women's Ariana Fashion Sneaker - Choose SZ/Color , FRYE Women's Sienna Cross Ballet Flat Black 8 M USCLARKS Women's Deva Jayleen Pump Tan Leather 8.5 Medium USNEW VIC MATIĒ WOMENS BALLET FLATS , CLARKS Women's Tilmont Zoe Penny Loafer , OTBT Women's Streams Mule Black 6.5 M US , Merrell Womens Ashland Tie Shoe, Black, 10 M USJewel Badgley Mischka Women's Cabella Ballet Flat Silver 7 M US , G.H. Bass & Co. Women's Patricia Driving Style Loafer , Merrell Women's Jungle Moc Slip OnNine West 60163572 Womens Speakup Fabric Pointed Toe Flat- Choose SZ/Color. , CLARKS Women's Dameo Swing Driving Style Loafer red Leather 6.5 Medium USMerrell Women's Jungle Moc Slip-On ShoeNine West 25023553 Womens Seeya Suede Pointed Toe Flat- Choose SZ/Color.Nine West 25023242 Womens Shay Suede Pointed Toe Flat- Choose SZ/Color. , Crocs Women's Busy Day Stretch Ballet Flat - Choose SZ/ColorSTEVEN by Steve Madden Women's Adrianna Flat , Sperry Top-Sider Women's Bluefish 2 Eye Boat ShoeLinen/Oat9.5 MNaturalizer Women's Stella Ballet Flat, Black, 8.5 M USNEW COLE HAAN WOMENS LEAH SKIMMER FLAT - BLACK LEATHERSplendid LL1139 Womens Derby Loafer Flat- Choose SZ/Color. , BCBGeneration Fabeena 2 Women Open Toe Canvas Gladiator SandalSperry Top-Sider Women's AngelfishLinen/Oat7 W USSperry Top-Sider Women's Dunefish Boat Shoe Gold 9.5 M USSTEVEN by Steve Madden Women's Cuddles Fashion SneakerCole Haan W09060 Womens Tali Bow Loafer- Choose SZ/Color. ,

Tesla has secured the rights to about 210 acres of land in Lingang, Shanghai, the site of the electric automaker’s planned factory and its first outside of the U.S.

Tesla executives and leaders of the Shanghai Economics and Information Committee, Shanghai Lingang Area Development Administration and Shanghai Lingang Group witnessed the agreement-signing ceremony in China on Wednesday.

“Tesla’s mission is to accelerate the world’s transition to sustainable energy not only through all-electric vehicles, but also scalable clean energy generation and storage products,” Robin Ren, Tesla’s vice president of Worldwide Sales said in a statement. “Securing this site in Shanghai, Tesla’s first Gigafactory outside of the United States, is an important milestone for what will be our next advanced, sustainably developed manufacturing site.”

The land transfer marks an important step for Tesla, which recently said rising costs had prompted the company to accelerate construction of its so-called Gigafactory 3. Tesla warned in its production and delivery report in early October that tariffs, combined with the cost of shipping its vehicles via ocean carrier and the lack of access to cash incentives available to locally produced electric vehicles, has put the company at a disadvantage in China.

Tesla reasserted those statements Wednesday, noting that it expects the project to be a “capital efficient and rapid buildout, using many lessons learned from the Model 3 ramp in North America.”

Tesla reached a deal in July with the Shanghai government to build a factory that it says will be capable of producing 500,000 electric vehicles a year. Once construction begins, it will take about two years until Tesla can produce vehicles. It will be another “two to three years before the factory is fully ramped up to produce around 500,000 vehicles per year for Chinese customers,” a Tesla spokesman said at the time.

The Shanghai factory deal marks a shift within the Chinese government to allow foreign companies to build and operate wholly owned facilities there. Foreign companies have historically had to form a 50-50 joint venture with a local partner to build a factory in China.

Chinese President Xi Jinping has said the country will phase out joint-venture rules for foreign automakers by 2022. Tesla is one of the first beneficiaries of this rule change.

The agreement allows Tesla to construct and operate a wholly owned factory in Lingang. The new factory will carry out research and development, manufacturing and sales operations.

The Chinese government will still be involved, however. Under a cooperation agreement, the Shanghai government and Tesla will jointly promote electric vehicle technology and industry development. The city of Shanghai said it will provide support for Gigafactory 3, although details are thin as to what that might mean.

Nine West Nine Women's Gradskool Nubuck West Oxford Flat Gradskool - Choose SZ/Color ff8eda4 - gravityxdance.com